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CamarillaPivots
A description of pivots based on the Camarilla equation can be obtained by searching via google or your favorite search engine so I won't provide that here.
This indicator displays the pivots based on a calculation of the yesterday's High, Low, and Close. However, this seems to me to be ok for Tuesday through Friday but when Monday's pivots are based on Sunday's data then I think you should change the DailyHiLo parameter to false and enter Friday's High, Low, and Close. You can also set the DailyHiLo parameter to false as well if you want to base today's pivots on the market hours of the instrument you are trading.
There are labels on the right side for each level. Suggest you set your right margin to at least 40 in order to see the labels.
I have no idea if these pivots are significant or not. I saw a post from a new member of this forum who said they make money using them which motivated me to find out what they are. This indicator is a result of the research I've done trying to find out what Camarilla pivots are. Use them in good health.
Mike Winfrey
Category
NinjaTrader 7 Indicators
Details:
CamarillaPivots
Category:
NinjaTrader 7 Indicators
July 5th, 2010
Size: 2.44 KB
Downloaded: 802 times
Keywords:
camarilla
joeblow
532
MWinfrey
Comments/ratings
titantrader
January 12th, 2014 07:55 PM
Thanks
rimartin
January 13th, 2015 04:05 PM
Thanks
dwntik5454
July 26th, 2015 12:20 AM
thank you
BoltTrader
November 1st, 2016 10:33 AM
Thank you
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